Most of us have seen numerous adverts promoting programs that will earn us yachts and mansions for only a few dollars' investment. Too good to be true? Unfortunately yes. Most of the time, you will waste time and money with these programs. So is there a way to make a full time income from only working online a few hours per day?
The short answer is yes, but you need to put in a lot more time than a few hours per day to start with. Over the past 6 months, I have worked up to 12 hours per day, building an income to replace the one I lost when I left my previous job. It takes dedication and focus, and slowly, but surely your income will grow to the point that you can cut back your hours and get some quality time with your family.
The first thing you need to do is to sit down and have a long hard think about what you want from life. I would bet that most of you will at first think about the fast cars and mansions and the celebrity lifestyles that are depicted in many aspirational adverts. However, think harder, these are things you would like to have not what you want from life. If after you’ve thought deeply you decide that you want to see your family grow up, you want to be able to make it to your children’s school concert and not have to work late on that important project. If you decide that you want to be able to take your wife for a romantic lunch before you collect the kids from school, then you have the correct frame of mind to start making an income for yourself. If you don’t have a family, and you decide you want to be self-reliant and not a wage slave, then you are on the way. Be realistic and you won’t be disappointed.
Now you know what you want, and you know it’s realistic, it’s time to get yourself a strategy. I like to think of my income building strategy in terms of building a house, before you put up the walls and roof, the part of the house you can see and admire you need to put in the foundations. The foundation of your income has to be a steady source of reliable income that you can build on. For this, I built a number of content websites and monetized them by adding Adverts and Amazon feeds. I write articles and submit them to directories. I do everything I can to get the sites into the search engines and get traffic to them. Once the visitors started coming, and I was getting a steady income, then it’s time to branch out and work on the 4 walls of our strategy.
The second part of the strategy involves taking some profit from the site building and investing it in well researched programs that have a long history of paying out. You need to do your research and due diligence here and spread the risk among a number of programs, if you have any doubts about a program, walk away. Now you have your foundation and 4 walls in place, it’s time to top it all off with the roof.
The Roof like in your house is the top level of our strategy, this is where you take everything you have learned building your foundations and walls and apply it to your own programs, by now you will know what works, you will have developed a network of contacts through programs and forums, and you are ready to develop your own programs.
The great thing about this strategy is that if you have no spare cash you can start out with very little, in fact it is possible to start out with $0.00 and turn this into a full-time income by clever use of resources. If you don’t believe that this is possible, then have a look at the blog detailed in the resource box at the end of this article and watch start with $0.00 and prove there is such a thing as a free lunch.
Hosting a successful online event can be a lot of work. It is not only emotionally rewarding but could be financially rewarding as well. Here are a few ways that can help you monetize your online event:
1. Sell exhibitor spots – This means getting exhibitors to purchase a virtual booth from you. You provide them a virtual booth and advertising for their business. If you were having your event site up for one year, then, they would have that link on your site for a whole year. When you set your price for the exhibitor booth, make sure you consider all possible expenses that you can incur – like domain name purchase and hosting.
Sell information derived from your online event – If you do record audio interviews, and transcripts, you could sell those as a downloadable product to your visitors/participants. You could sell them (individually) or as a bundled package.
Generate a mailing list from your online event – The mailing list that you generate from your online event is going to be a targeted list because you know these subscribers are interested in what you have to offer. You can use this list and offer them products, most especially if you are an affiliate, for products that are of interest to this target market. You can recommend products to this list and generate an income from sales of products to your mailing list. Just remember that this particular list signed because of your online event – when recommending products to them, make sure it falls with in the interest of that list. You probably will not like to send recommendations for fishing e-books if you generated this list from a Mom-related Online Event.
These are just some ways you can make money off of your online event. Think of your online event as a seed that in time will grow fruits. The money you can generate from your online event using the methods mentioned above are comparable to the fruits you can pick and enjoy later.
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